Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

Spectrum Pharmaceuticals, Inc., a biopharmaceutical company, develops and commercializes oncology drug products.

Indofood Sukses Makmur

Market Cap: Rp61.7t

Operates as a food solutions company in Indonesia, the Middle East, Africa, the rest of Asia, and internationally.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.2b

Provides chemical supply chain solutions worldwide.

Indorama Ventures

Market Cap: ฿101.1b

Manufactures and distributes petrochemical products in Thailand, the United States, Brazil, and internationally.

National Medical Care

Market Cap: ر.س7.1b

National Medical Care Company establishes, owns, equips, manages, maintains, and operates healthcare facilities in the Kingdom of Saudi Arabia.

China Resources Land

Market Cap: HK$201.4b

An investment holding company, engages in the investment, development, management, and sale of properties in the People’s Republic of China.

Trajan Group Holdings

Market Cap: AU$109.8m

Develops, manufactures, and sells analytical and life science products and devices in Malaysia, Japan, Australia, New Zealand, the United States, Europe, the Middle East, Africa, and India.

Jiang Zhong PharmaceuticalLtd

Market Cap: CN¥13.3b

Engages in the research and development, production, and sale of Chinese patent medicines and health foods in Mainland China.

Sinoma International EngineeringLtd

Market Cap: CN¥24.9b

Engages in the engineering, equipment manufacture and supply, and other businesses in China and internationally.

Assetwise

Market Cap: ฿5.6b

Engages in property development and other real estate activities in Thailand.

Bangchak Corporation

Market Cap: ฿40.3b

Engages in the refining and marketing of petroleum products in Thailand, Singapore, Norway, Korea, Laos, and internationally.

BOC Aviation

Market Cap: HK$48.0b

Operates as an aircraft operating leasing company in Mainland China, Hong Kong, Macau, Taiwan, rest of the Asia Pacific, the Americas, Europe, the Middle East, and Africa.

MC Group

Market Cap: ฿8.6b

Engages in the manufacture and distribution management of clothing and accessories in Thailand.

China Pacific Insurance (Group)

Market Cap: CN¥324.3b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

Chambal Fertilisers and Chemicals

Market Cap: ₹194.2b

Produces and sells fertilizers primarily in India.

NetEase Cloud Music

Market Cap: HK$49.0b

An investment holding company, engages in the operation of online platforms to provide music and social entertainment services in the People’s Republic of China.

Middle East Healthcare

Market Cap: ر.س4.2b

A healthcare provider, owns and operates a network of hospitals under the Saudi German Hospital name in the Middle East and North Africa.

Aeris Resources

Market Cap: AU$393.4m

Explores, produces, and sells precious metals in Australia.

Adairs

Market Cap: AU$350.2m

Operates as a specialty retailer of home furnishings, furniture, and decoration products in Australia and New Zealand.

Apeejay Surrendra Park Hotels

Market Cap: ₹31.0b

Owns and operates hotels in India.

Longfor Group Holdings

Market Cap: HK$69.9b

An investment holding company, engages in the property development, commercial investment, asset management, property management, and smart construction businesses in the People’s Republic of China.

Apeloa PharmaceuticalLtd

Market Cap: CN¥17.4b

Provides raw materials and intermediates to various pharmaceutical factories in the People’s Republic of China and internationally.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.1b

Engages in the manufacture and sale of pharmaceutical raw materials, and food and feed additives under the Star Lake and Yue Bao brand names in China and internationally.

Yuan Long Ping High-Tech Agriculture

Market Cap: CN¥14.4b

Yuan Long Ping High-Tech Agriculture Co., Ltd.

Nido Education

Market Cap: AU$141.2m

Owns, operates, and manages long day early childhood education and care centres under the Nido Early School brand in Australia.

China Railway Group

Market Cap: CN¥131.9b

Operates as a multi-functional integrated construction company in Mainland China and internationally.

Shenzhen Transsion Holdings

Market Cap: CN¥81.4b

Provides smart devices and mobile services in Africa, South and Southeast Asia, the Middle East, Latin America, and internationally.

REC

Market Cap: ₹955.1b

Engages in the provision of financing services for power generation, transmission, and distribution projects in India.

Beijing New Building Materials

Market Cap: CN¥41.1b

Manufactures and sells building materials in China and internationally.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥11.9b

Manufactures and sells steel structures and supporting products in China and internationally.

IPH

Market Cap: AU$915.2m

Provides intellectual property (IP) services and products.

INDUS Holding

Market Cap: €530.3m

A private equity firm specializing in mergers and acquisitions and corporate spin-offs.

Telefónica

Market Cap: €20.5b

Provides telecommunications services in Europe and Latin America.

Kimberly-Clark

Market Cap: €33.2b

Manufactures and markets personal care products in the United States.

Arcadis

Market Cap: €3.2b

Offers design, engineering, architecture, and consultancy solutions for natural and built assets in The Americas, Europe, the Middle East, and the Asia Pacific.

Asahi Group Holdings

Market Cap: €2.6t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.